Barclays settles with U.S. investors over Libor manipulation
NEW YORK (Reuters) – Barclays Plc has agreed to pay $14 million to settle litigation by holders of its American depositary shares that it conspired with rivals to rig the Libor benchmark interest rate, causing its share price to be inflated.
Herbalife, CEO prevail in ‘pyramid scheme’ lawsuit
(Reuters) – A federal judge dismissed a lawsuit accusing Herbalife Ltd and Chief Executive Officer Michael Johnson of defrauding shareholders by misrepresenting that the weight-loss and nutritional products company’s complied with laws designed to prev…
American Airlines stops accepting payments in Argentine pesos
BUENOS AIRES (Reuters) – American Airlines has stopped accepting Argentine pesos to pay for tickets due to currency controls that make it hard to convert receipts into U.S. dollars, local media and one of the airline’s sales agents said on Wednesday.
Big brands don’t mind live Periscope stumbles to reach millennials
NEW YORK (Reuters) – When Benefit Cosmetics, a San Francisco-based maker of skin care and makeup, used Twitter’s Periscope live-streaming video service to make a product demonstration, a heckler became part of the live show, typing to the presenter, “I…
U.S. new home sales rebound strongly in October
WASHINGTON, Nov 25 (Reuters) – – New U.S. single-family home sales surged in October and the inventory of properties for sale was the highest since early 2010, which could allay concerns of a significant slowdown in housing.
U.S. business spending gauge surges, durable goods orders soar
WASHINGTON, Nov 25 (Reuters) – – A gauge of U.S. business investment plans surged in October, the latest suggestion that the worst of the drag from a strong dollar and deep spending cuts by energy firms was over.
U.S. consumer spending tepid; savings near three-year high
WASHINGTON, Nov 25 (Reuters) – – U.S. consumer spending barely rose in October as households took advantage of rising incomes to boost savings to their highest level in nearly three years, pointing to moderate economic growth in the fourth quarter.
Special Report: Greek shipowners talk up their role to protect tax breaks
PIRAEUS, Greece (Reuters) – On the day he took office as Greece’s shipping minister in June 2012, Kostis Moussouroulis received a visit from a 90-year-old shipowner. He still remembers the older man’s words: “Don’t forget, the best minister of shipping…
VW maintains $7 billion of provisions despite simple emissions fix
WOLFSBURG, Germany (Reuters) – Volkswagen will not lower planned provisions of 6.7 billion euros ($7.1 billion) for the costs of its diesel emissions scandal, though the technical fix for 8.5 million cars in Europe have turned out to be simpler than ex…
U.S. jobless claims fall more than expected
WASHINGTON, Nov 25 (Reuters) – – The number of Americans filing for unemployment benefits fell more than expected last week, drifting back to near 42-year lows as labor market conditions continue to tighten.
